Nov 30, 2015

Russia imposes economic sanctions against Turkey

Russia has imposed economic sanctions against Turkey, a NATO member over the issue of shot down a Russian Sukhoi 24 warplane on the Syrian border.
In this regard, Russian President Vladimir Putin has signed a decree adopting a series of retaliatory economic measures against Turkey with an effect from 1st January 2016.
 
 
Russian economic sanctions covers
 
  • Ban on imports from Turkey, work of Turkish companies in Russia and any Turkish nationals working for Russian companies.
  • End to charter flights between the countries and urges Russian tour operators to refrain from selling tourist packages to Turkey.
Background
  • NATO member Turkey on 24th November 2015 had shot down Russian Sukhoi 24 warplane escalating crisis in bilateral relations of both countries.
  • Turkey President Erdogan has said Turkey will not apologize for downing the jet, saying Ankara was fully within its rights to defend its air space.
  • Russia has furiously denied the claims and demanded an apology and economic compensation from Turkey.